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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 01:59 PM

38. LOLz

There is a huge chasm of difference between Foreign Direct Investment and looting other countries. Romney's Bain likes to take from both - buy up American companies that provide jobs and benefits, ship the jobs overseas for pennies on the dollar, avoid having to pay those benefits, pay workers shit wages, make THEIR country pay to take care of them and educate them, make shitpiles of money, hoard it and this way he impoverishes both the US AND the foreign country.

If Romney wants to be President, it would be his JOB to look out for the interests of AMERICANS. Currently, the economy is moving towards globalization, but there is a right way and a wrong way to go about this. Sending every single low-skill job overseas will instantly impoverish the country he is supposed to be the champion of. Yes, the other country will see the benefits of FDI, and the overall standards of living may rise up a bit, but it's usually at the cost of living standards back home if it's not done right. For free trade to work, it needs to be planned out and carried out more slowly. Sure, the US might need engineers, people in R&D, financial gurus etc, but when the shift in the economy happens too fast, there is not enough time for retraining, not enough time to re-tool the education system, not enough time to lower education costs and the workers are left behind. What the US is currently doing is a serious problem - since the careers that are in demand require intensive, long term training and the cost of post-secondary education is rising to unsustainable levels, it won't be long until there is a huge collapse. The US cannot sustain free trade if it is unwilling to invest in shifts to the 'new' economy. This is the problem Romney has to solve - and since he couldn't wait to ship everyone's jobs overseas, without regard to his own country, and has no education plan, it's highly unlikely he's the right person for this particular job.

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RB TexLa Oct 2012 OP
cali Oct 2012 #1
Enrique Oct 2012 #2
RB TexLa Oct 2012 #5
Enrique Oct 2012 #12
bluestate10 Oct 2012 #35
fadedrose Oct 2012 #51
Live and Learn Oct 2012 #6
ReasonableToo Oct 2012 #10
ellisonz Oct 2012 #3
bettyellen Oct 2012 #8
ellisonz Oct 2012 #13
calimary Oct 2012 #17
ellisonz Oct 2012 #19
calimary Oct 2012 #46
Kalidurga Oct 2012 #27
lunatica Oct 2012 #29
Hutzpa Oct 2012 #4
OldDem2012 Oct 2012 #7
Ikonoklast Oct 2012 #26
OldDem2012 Oct 2012 #30
justiceischeap Oct 2012 #9
bluestate10 Oct 2012 #37
Live and Learn Oct 2012 #11
tarheelsunc Oct 2012 #14
RB TexLa Oct 2012 #15
pintobean Oct 2012 #16
Angry Dragon Oct 2012 #18
CreekDog Oct 2012 #20
lunatica Oct 2012 #21
JaneyVee Oct 2012 #22
Ikonoklast Oct 2012 #23
pwb Oct 2012 #24
RB TexLa Oct 2012 #28
pwb Oct 2012 #32
kentuck Oct 2012 #25
nadinbrzezinski Oct 2012 #31
bluestate10 Oct 2012 #33
RB TexLa Oct 2012 #34
bluestate10 Oct 2012 #36
LineReply LOLz
laundry_queen Oct 2012 #38
yurbud Oct 2012 #40
laundry_queen Oct 2012 #41
yurbud Oct 2012 #39
datasuspect Oct 2012 #42
yurbud Oct 2012 #43
99Forever Oct 2012 #44
RB TexLa Oct 2012 #47
99Forever Oct 2012 #49
Coyotl Oct 2012 #45
WinkyDink Oct 2012 #48
RB TexLa Oct 2012 #50
aandegoons Oct 2012 #52
RB TexLa Oct 2012 #53
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